NOT LISTED FOR SALE
0.94 Acre
-- Price per Acre
40,946 Sq Ft Lot

Last Sold March 17, 2020

Last sale price $1,125,000

1 Day on Market

About This Lot

As of March 2020

20 Salem Turnpike is a waterfront property w/ direct access that is situated next to 150 Salem Turnpike (MLS #. ) & is .94 acres w/ a 4,000 sq ft commercial building that is currently rented (TAW) & is zoned industrial, which allows for all types of uses: commercial, retail, fast food, residential, etc... The property runs along the Saugus River and is centrally located in the middle of Saugus, Lynn and Revere. The main road hosts over 25,000 cars per day and is intersected at the property by Ballard St, which hosts over 11,000 cars per day. The location offers easy access to Logan Airport and all of the main expressways. It has direct access to 5 different bus lines that connect directly to Wonderland Station and MBTA's Blue Line & close to major retail shopping, as well as, the expansive Rumney Marsh which provides hiking trails & opportunities to interact w/ nature. Revere Beach is 4 miles south east & Nahant Beach is 4 miles to the east.

Last Agent to Sell the Property

Melissa Dias Lopes

J. Barrett & Company Listed on: 09/03/2019

Co-Listed By

Melissa Dias Lopes

J. Barrett & Company

Last Buyer's Agent

Melissa Dias Lopes

J. Barrett & Company Listed on: 09/03/2019

Property Details

Property Type

Land

Est. Annual Taxes

$17,211

Lot Details

0

Listing Details

  • Property Type: Land
  • Other Agent: 1.00
  • Comp Based On: Net Sale Price
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Main Lo: C95243
  • Main So: C95243

Exterior Features

  • Waterfront: River, Dock/Mooring, Access, Direct Access, Marsh
  • Waterfront Flag: Yes
  • Waterview Flag: Yes

Utilities

  • Sewer: Public
  • Water: Public
  • Electric Features: On-Site
  • Gas: On-Site

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Conservation Area, Highway Access

Lot Info

  • Assessments: 407600.00
  • Zoning: Industrial
  • Acre: 0.94
  • Lot Size: 41147.00
  • Land Description: Level, Additional Land Available, City View(s), Marsh
  • Lots And Land Type: Commercial
  • Page: 369
  • Zone Usage: Commercial, Industrial - Heavy, Industrial - Light

Tax Info

  • Taxes: 10507.93

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2004
Sold by
Vrees Andrew P Est and Vrees Peter A
Bought by
Saugus Futurama Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
6.01%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Saugus Futurama Llc $2,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saugus Futurama Llc $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2020 03/17/20 Sold $1,125,000 -10.0% --
09/04/2019 09/04/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $1,250,000 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $17,211 $737,400 $570,100 $167,300
2022 $15,317 $615,900 $464,600 $151,300
2021 $15,140 $588,200 $443,400 $144,800
2020 $14,204 $565,900 $421,100 $144,800
2019 $10,508 $407,600 $262,800 $144,800
2018 $9,716 $395,300 $252,700 $142,600
2017 $8,922 $346,100 $200,400 $145,700
2016 $9,175 $346,100 $200,400 $145,700
2015 $9,223 $344,900 $200,400 $144,500
2014 $8,685 $339,000 $200,400 $138,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72556666

MLS Property Information Network (MLS PIN)

APN: SAUG-000005I-000002-000002